The Australian share market rose early today after dovish comments from Federal Reserve chairman Bernanke prompted short covering in some recent laggards. In a speech at the University of Michigan, the Fed chairman said there was "quite a ...
Tags: Australian Stockmarket, Bernanke, economy
The sharemarket struggled to gain traction yesterday as investors traded cautiously after seven straight weeks of gains. The benchmark S&P/ASX 200 closed down 6.5 points,or 0.1 per cent,at 4717.3.It hit a 19-month high of 4750.7 in early ...
Tags: sharemarket, stocks, heavyweight stocks, fiscal
Australian markets got off to a roaring start to 2013 yesterday, with the avoidance of the January 1 US fiscal cliff of tax increases and spending cuts combining with rising iron ore prices to send the stockmarket on its biggest one-day ...
Tags: shares, 2013, US, fiscal cliff, stockmarket
AUSTRALIAN stocks are set to rise today after the US avoided falling over its fiscal cliff -- at least for now -- and iron ore prices unexpectedly ended the year in positive territory. US tax and spending cuts due to start on January 1 ...
Tags: US, tax, spending cuts, market confidence
CITI has ended rival UBS's 11-year streak at the top of the stockbroking heap, as brokers warn that an imminent uptick in market activity is unlikely after the worst year since 2005. "I would say next year will be similar to this year in ...
Tags: CITI, an imminent uptick, stockbroking heap
City Cement has revealed that the breakdown caused by a technical failure at its second mill could lead to it losing sales of up to $13.3m (SR: 50m). In a statement to the Saudi stock exchange yesterday, the firm said that it could take up ...
Tags: market view, cement
With only 13 per cent of the world’s surfaces covered with forests and growing concerns over deforestation and illegal logging, combined with the spectre of global warming, supply is severely restricted. One of the wood types most ...
Tags: market view, timber